Many countries not just south America "assume" all Americans are rich. You will find the locals cost vs the gringo cost. Having a local or reputable agent/lawyer assis you is nice.
watching from Boca Raton, b/c looking to ditch all HOA and live more outdoors in cooler climate. That said those rentals seem underprice compared to the house price. About prices, While areas 15miles outside the city limits, call themselves Boca Raton, houses in Boca Raton are 25 to 35% more. Love your presentations. Great information at a great pace.
Some of those lower rentals were for Condos. I was scrolling fairly quick through them. 2 bedroom condos sell for 4-500k roughly. But someone may have bought them lower, or simply use them as income. So the price can vary. It seems like many ExPats overpay (everywhere) and then want out later but sales can take years to happen. So probably, they adjust rent to what they can get. But the floor for rentals is definitely higher in Costa del Este.
Hi there. Thanks so much for that compliment and for watching our videos we have not done individual consults. Our goal is to provide information and our experience to help others in making their own decisions. There is definitely a lot of self examination and preparation before retiring to another country and I was thinking about doing another video on that alone. I believe your question is encouraging me to do that. Best of luck to you.
I admire your videos.... just a gentle suggestion... music is too loud in this one and distracting for me. I like your booming baritone and soprano "a capella":)
So, of all the communities / cities / towns, etc...that you have visited, if a 62 year old guy like myself, single + a wanting to relocate to Panama...do you think that are any one bedroom apartments that would rent for about $500 per month, or even less??
We weren't looking for housing in that range specifically but I've seen posts for ads (local ones) that are in that range. I'd say a good to great chance at $500 would be places like Chitre, Las Tablas. Santiago, Penenome, and other smaller towns. Maybe David or Volcan or Boquete but it'd be tough in Boquete. Not likely in Coronado or Panama City although again, you might get lucky. From all those places just mentioned, I'd choose Chitre or David.
Climate is same as Panama City as a whole. Best thing to do to get a feel is to go to weather.com and put in Panama City. And then just go look at last year's weather month by month/day by day. You'll see exactly what it'll be.
@@laptopseniors From everything I know Panama City is very hot and humid.....it must be hard to take coming from cooler areas of the US and Canada......
See if they would let you tour Santa Maria, right next to Costa del Este on the way to the airport. It's even more luxurious than Costa del Este, complete with an 18-hole golf course, designed by Jack Nicklaus.
HOA fees may be low due to tax credits that will eventually expire. If you have that kind of cash, much safer to invest it and pay the rent with the dividends. Just my opinion. Thanks for the video. Very lovely area. On my short list for sure. Cheers!
Hi Tony. Thanks for watching and leaving your comment. We appreciate you 😄 It’s a good strategy if you expect a crash but we’ve seen very low HOA all over Panama so this isn’t unusual there.
@@laptopseniors I'm not predicting a crash but not willing to accept those types of unknowns. Panama is easy to buy but hard to sell. I'll be back in Panama for the month of Feb and will definitely visit this area. After viewing your video, this may be my new hangout :)
@@tonyglen33 hey yes we’ve definitely heard about the long time to sell so renting is the smart way to go at least until you are sure of where you enjoy living. Make your own decision of course but we’re so happy we can point you in the right direction. Happy new year 🥂
www.encuentra24.com/panama-en/real-estate www.point2homes.com/PA/ www.panamarealtor.com. As always if you can, the best deals are through window signs or a friend telling you about someone else's rentals. Be careful on websites to look for the same place in multiple locations. Many/most times you'll see it 2 or 3 times with 2 or 3 prices.
I'm in Los Angeles, Ca. $800K don't get you much here, compared to Costa del Este. I am considering retiring in Panama..........this area will be on my list to visit. Thanks for sharing.
Absolutely!! CDE is one of the Most Expensive areas!! Not the best time moving to Panama at all with the protests taking place & drought less business Increased unemployment & uprisings
The protests are long over….Drought….thats over too with rainy season starting in March. And most NEW buildings have auxiliary reserves as well auxiliary electric plants.
All the places I looked at in Costa Del Este had a frence across the entire opening on every balcony to either keep people from throwing stuff off the balcony, keep people from shooting fireworks on to the balcony, or to keep people from jumping off the balcony. The entire place looked like it was designed by 1950-era Russian developers and manufactured by the Chinese. I doubt it's the place anyone dreamed of retired to during a 40 year career. Additionally, 5:23 three quarters of a million dollars and up with additional HOA fees is probably out of the budget of most people. CDE is nowhere near the metro lines, and driving in the city is exceedingly dangerous, especially for older drivers. Lastly, CDE is not really near anything. It's just dirty and loud.
Yes it’s higher than most areas but if you like it, do lots of searching on local sites as you can find lower rates. Good luck. Don’t ever abandon your dream. 😊
I was visiting Panama City a week and a half ago. I was extremely impressed with the city and a strong candidate to retire to and escape Chicago.
Hey Ethan. Panama has that effect on people lol. Thanks for visiting with us. We appreciate you 😄
What a beautiful part of a beautiful city! Thanks
Hi Bruce. We totally agree. Thanks for visiting with us. We appreciate you 😄
Very helpful information guys, I love your common sense approach. Many thanks 👍
Hi there. We appreciate your support, 😄 Thanks for watching and leaving your comment.
Expat or “gringo” pricing. I’m moving in about a year. I’m just going to rent in Chiriqui. Don’t really want another house payment or repairs.
No problem. Look for long term rentals. Good luck.
Exactly these prices look like South Florida prices.
You need to talk to the locals because these are definitely gringo prices.
I agree with "kencampbell." it's ridiculous
Many countries not just south America "assume" all Americans are rich. You will find the locals cost vs the gringo cost. Having a local or reputable agent/lawyer assis you is nice.
Yes, hi. There is. Often 2 tier pricing.
watching from Boca Raton, b/c looking to ditch all HOA and live more outdoors in cooler climate. That said those rentals seem underprice compared to the house price.
About prices, While areas 15miles outside the city limits, call themselves Boca Raton, houses in Boca Raton are 25 to 35% more.
Love your presentations. Great information at a great pace.
Some of those lower rentals were for Condos. I was scrolling fairly quick through them. 2 bedroom condos sell for 4-500k roughly. But someone may have bought them lower, or simply use them as income. So the price can vary. It seems like many ExPats overpay (everywhere) and then want out later but sales can take years to happen. So probably, they adjust rent to what they can get. But the floor for rentals is definitely higher in Costa del Este.
Greg thank you for that feedback! NA real estate is nuts. I get the whole naming thing to jack the pricing. Hope you stick with us 😁
Hi guys.
You are doing an amazing job!
Do you do consults for people moving to Panama?🙏
Hi there. Thanks so much for that compliment and for watching our videos we have not done individual consults. Our goal is to provide information and our experience to help others in making their own decisions. There is definitely a lot of self examination and preparation before retiring to another country and I was thinking about doing another video on that alone. I believe your question is encouraging me to do that. Best of luck to you.
I admire your videos.... just a gentle suggestion... music is too loud in this one and distracting for me. I like your booming baritone and soprano "a capella":)
So, of all the communities / cities / towns, etc...that you have visited, if a 62 year old guy like myself, single + a wanting to relocate to Panama...do you think that are any one bedroom apartments that would rent for about $500 per month, or even less??
We weren't looking for housing in that range specifically but I've seen posts for ads (local ones) that are in that range. I'd say a good to great chance at $500 would be places like Chitre, Las Tablas. Santiago, Penenome, and other smaller towns. Maybe David or Volcan or Boquete but it'd be tough in Boquete. Not likely in Coronado or Panama City although again, you might get lucky. From all those places just mentioned, I'd choose Chitre or David.
@@laptopseniors Ok, great...thank you...great channel by the way
What is the climate like in Costa del Este? And infrastructure?
Climate is same as Panama City as a whole. Best thing to do to get a feel is to go to weather.com and put in Panama City. And then just go look at last year's weather month by month/day by day. You'll see exactly what it'll be.
@@laptopseniors From everything I know Panama City is very hot and humid.....it must be hard to take coming from cooler areas of the US and Canada......
@@laptopseniors I see on that site it has Real Feel of 38C. Whew that's over 100 Fahrenheit......and we're only in April.....
@@dovygoodguy1296 It can get pretty hot. Not every day and there's fluctuations during certain months...but, it's hot. You're near the equator.
@@laptopseniors >......
I am assuming there aren't any power outages...
See if they would let you tour Santa Maria, right next to Costa del Este on the way to the airport. It's even more luxurious than Costa del Este, complete with an 18-hole golf course, designed by Jack Nicklaus.
I wanted to but it looks like vacation residences owned by Marriott not long term living. Thanks for watching and your comment.
HOA fees may be low due to tax credits that will eventually expire. If you have that kind of cash, much safer to invest it and pay the rent with the dividends. Just my opinion. Thanks for the video. Very lovely area. On my short list for sure. Cheers!
Hi Tony. Thanks for watching and leaving your comment. We appreciate you 😄 It’s a good strategy if you expect a crash but we’ve seen very low HOA all over Panama so this isn’t unusual there.
@@laptopseniors I'm not predicting a crash but not willing to accept those types of unknowns. Panama is easy to buy but hard to sell. I'll be back in Panama for the month of Feb and will definitely visit this area. After viewing your video, this may be my new hangout :)
@@tonyglen33 hey yes we’ve definitely heard about the long time to sell so renting is the smart way to go at least until you are sure of where you enjoy living. Make your own decision of course but we’re so happy we can point you in the right direction. Happy new year 🥂
What website are you guys using to find rentals in Panama. I’m looking to move to Boca Chica soon
www.encuentra24.com/panama-en/real-estate
www.point2homes.com/PA/ www.panamarealtor.com. As always if you can, the best deals are through window signs or a friend telling you about someone else's rentals. Be careful on websites to look for the same place in multiple locations. Many/most times you'll see it 2 or 3 times with 2 or 3 prices.
What about good schools? Any idea?
what are home prices like in Chitre? I like that town
I'm in Los Angeles, Ca. $800K don't get you much here, compared to Costa del Este. I am considering retiring in Panama..........this area will be on my list to visit. Thanks for sharing.
800k in New York City gets you a small studio apartment in the basement.
Definitely check it out for yourself. We’re happy to do some of the groundwork to share. 😁
Yup@@guillermogouldburn763
strange the screen is blank
It's doing that at the end for a while. Not sure why.
Absolutely!!
CDE is one of the Most Expensive areas!!
Not the best time moving to Panama at all with the protests taking place & drought less business
Increased unemployment & uprisings
The protests are long over….Drought….thats over too with rainy season starting in March. And most NEW buildings have auxiliary reserves as well auxiliary electric plants.
Are the beaches nice in Costa del Este? Are homes centrally air conditioned?
Depends
All the places I looked at in Costa Del Este had a frence across the entire opening on every balcony to either keep people from throwing stuff off the balcony, keep people from shooting fireworks on to the balcony, or to keep people from jumping off the balcony. The entire place looked like it was designed by 1950-era Russian developers and manufactured by the Chinese. I doubt it's the place anyone dreamed of retired to during a 40 year career. Additionally, 5:23 three quarters of a million dollars and up with additional HOA fees is probably out of the budget of most people. CDE is nowhere near the metro lines, and driving in the city is exceedingly dangerous, especially for older drivers. Lastly, CDE is not really near anything. It's just dirty and loud.
Beautiful place but out of my price range.
Yes it’s higher than most areas but if you like it, do lots of searching on local sites as you can find lower rates. Good luck. Don’t ever abandon your dream. 😊
There are areas of Panama City like El Cangrejo or San Francisco that are pretty nice and more budget friendly.
Definitely. We're going to do some on those and others along the way here.
Wow thanks for collaborating inflation and making it impossible for locals to make a living in our own country 🎉
$800K isn't chump change but is 1/3 the cost of the same size home here in Orange County CA! And the HOA at $200.00/mo is dirt cheap!!!
It’s all relative, right? Thanks for watching and commenting 😁
ok its NOT Azulu, its Azul which mean the color blue!
these prices are definitely going to keep your average Panamanian out of this community.😮
Believe it or not, it will keep the average American out too 😂
i have a video , turbulent landing panama, nice, i m looking for more stubsciberz
As an ex pat...why the heck would i move to a place like FL! I want to be far from any drunk, snob, loud mouth ex pat.
Gated communities? Ugh!